This past June, Ohio Governor John Kasich signed Substitute House Bill 213 into law, which establishes the state’s AMC licensing and oversight program and makes minor changes to its existing appraiser licensing and certification law.

Technology integrations help ensure process efficiency by providing users with seamless access to valuable data. At Global DMS, we understand the importance of these integrations and strive to provide the data you need when you need it for all your valuations.

Keeping track of both accounts payable and accounts receivable is essential to the financial health of any organization. Those that manage and complete real estate appraisals are no exception, as these orders require payments to be mitigated and accounted for in a timely fashion.

Black Knight’s Mortgage Monitor Report looks at a variety of issues related to the mortgage finance and housing industries. In its latest edition, the report looked at the share of median income that’s required to buy a median-priced home and also explored potential scenarios of home price appreciation, interest rate movement, and income growth to calculate their impact on home affordability over the next five years.

The Appraisal Institute recently announced that it has issued a second edition of “Valuation by Comparison” by Mark Ratterman, which examines the common pitfalls that appraisers encounter when searching for data. This updated version also presents online search tips that can help practitioners find information in markets where data is scarce, inconsistent, or misleading.

A crucial component of the mortgage lending process is the appraisal of the borrower’s prospective property. Managing this process without the proper tools, however, can be labor intensive, inefficient, and lead to costly inaccuracies that do nothing but lengthen turn-times.

Fannie Mae and Freddie Mac recently announced that they have launched an initiative to update the Uniform Appraisal Dataset (UAD) and uniform appraisal reporting forms to provide greater clarity for industry participants, simplify appraisal reporting and reviewing, and to build a foundation for appraisal modernization.

Efficient turn-times are an essential component of the mortgage lending process, especially in today’s fast-paced market environment. Timely real estate appraisals play a vital role, yet many appointments are scheduled at the vendor’s discretion – which can lead to unforeseen delays.